Articles > Newspapers > International Newspapers, Major Markets > AAP General News (Australia) articles > August 2003

Article: FED: States reap $11.9 billion from stamp duty

Article from:
AAP General News (Australia)
Article date:
August 8, 2003
Copyright

00-00-0000
FED: States reap $11.9 billion from stamp duty

(Eds: Reissuing - revising total stamp duty take to $11.9 billion)

By Mike Hedge, Senior Correspondent

MELBOURNE, AAP - It is little wonder Australia's state and territory governments have drawn the wagons into a circle over stamp duty.

Last year it earned them $11.9 billion.

In NSW alone, the Carr government collects more stamp duty from its six million constituents than the British government does from 60 million.

Stamp duty is one of the more insidious taxes.

It is imposed on a variety of items and services from rental contracts and insurance policies to adhesive stamps.

But it is the ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: Centre proposes stamp duty cuts on real ...
PTI - The Press Trust of India Ltd.;  June 1, 2006 ;     546 words ...Centre proposes stamp duty cuts on real estate New Delhi, June 1 (PTI) The Centre today proposed reduction in stamp duty on real estate deals to less than five per cent in order to prevent tax ...

Article: Stamp duty restricting home buyers: real ...
Australasian Business Intelligence;  February 23, 2003 ;     406 words ... ... stamp duties rather than phasing them out, a real estate leader says. The Real Estate Institute of Australia's president, John ... said. Publication Date: 22 February 2003 REAL ESTATE INSTITUTE OF AUSTRALIA By Graham Cooke All ...

Article: Deloitte comments on REITs and SDLT Budget ...
Mondaq Business Briefing;  March 22, 2006 ;     700+ words ... ... 03/05), Phil Nicklin, real estate tax partner at Deloitte said ... but one accounting period. Stamp Duty Land Tax The most important Stamp Duty Land Tax (SDLT) measure ... for the initial transfer of real estate to property unit trusts ...

Article: Real estate prices hinder stamp duty ...
Australasian Business Intelligence;  February 11, 2003 ;     431 words ... ... Times - ABIX via COMTEX) Opposition politicians in the Australian Capital Territory say a stamp duty relief scheme has failed because of rising real estate prices. The territory's Government introduced the scheme to provide relief for low income ...

Article: Stamp Duty: What is the Impact of the 2002 Changes ...
Mondaq Business Briefing;  August 7, 2002 ;     700+ words ... ... outline the impact of the stamp duty anti-avoidance measures ... transactions in the real estate sector. Purchase of ... No change except that stamp duty penalties can no longer ... 10m is not subject to stamp duty. Instead stamp duty ...

Article: SA stamp duty: goodwill included in the assessable ...
Australasian Business Intelligence;  February 28, 2005 ;     689 words ... ... goodwill should have been excluded from the calculation of stamp duty on the transfer of freehold land. However, the court rejected ... most important factor in determining the market value of the real estate. The court decided that the assessment issued by the Commissioner ...

Article: Vic stamp duty: value of work authority included in ...
Australasian Business Intelligence;  February 28, 2005 ;     688 words ... ... million should have been excluded from the tax assessment for stamp duty. The tribunal decided that the value attributed to a Work Authority was included in the consideration for stamp duty on the transfer of land because the sale contract did not ...

Article: Fed: States should try to reduce stamp duty
AAP General News (Australia);  August 8, 2003 ;     322 words ... ... made an absolute bonanza out of stamp duty. Asked on Melbourne radio station ... believed the states should index stamp duty on real estate, he said: I think the states ... at different ways of reducing stamp duty. My whole argument on this is ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives